Latest news with #622
The Print
26-05-2025
- The Print
Shalarth ‘scam': SIT says over 500 teachers recruited fraudulently; amount could cross Rs 100 cr
'The SIT has found that of the 622 teachers appointed, only 75 had been hired following proper procedures. The remaining 547 were appointed using fake IDs after paying Rs 20-30 lakh each. This means the scam may be worth more than Rs 100 crore,' the police official said. Shalarth is a centralised portal of the Maharashtra government to manage payroll and service records of employees at government and government-aided schools, including teachers. Shalarth ID refers to the teacher identification number allotted to such staffers. Nagpur, May 26 (PTI) The special investigation team (SIT) probing the alleged 'Shalarth ID' scam in Maharashtra has found that more than 500 teachers were recruited without following laid down procedures, a senior official said on Sunday. SIT in charge and assistant commissioner of police Sunita Meshram said the probe, apart from deputy directors in the education department, is now focusing on education officers and teachers. More arrests are likely in this case, Meshram added. An official said a team had gone to Bhandara on Friday to arrest retired deputy director Satish Mendhe for his alleged involvement, but he was not at his residence. The SIT was formed in April this year to probe how fake identities were used to disburse salaries through the Shalarth portal in Nagpur. Several people have been arrested in the case so far. PTI COR BNM ARU This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Zawya
27-03-2025
- Business
- Zawya
Bahrain's Basrec shareholders approve dividend
Bahrain Ship Repairing and Engineering Company (Basrec) shareholders yesterday approved a 50 fils per share cash dividend, amounting to BD989,622, after the company reported a net profit of BD2.4 million for the fiscal year ending December 31, 2024. The decision was made at the company's annual general meeting (AGM) held at the Gulf Hotel Bahrain Convention and Spa. The meeting, which met legal attendance requirements, was chaired by Fawzi Kanoo, chairman of the board, and attended by shareholders, board members, executive management, representatives from KPMG Fakhro, and officials from the Central Bank of Bahrain, the Industry and Commerce Ministry, and Bahrain Bourse. Mr Kanoo highlighted the company's strong performance despite 'challenges and strong competition,' attributing the success to customer trust and regulatory support. He also emphasised a key achievement: the launch of the new floating dock (Basrec 2), which he described as a 'significant engineering achievement' bolstering Bahrain's marine industry. 'We are pleased to announce that the company achieved a net profit of BD2.4m despite challenges and strong competition,' said Mr Kanoo. The AGM also saw the approval of the board of directors' report, audited financial statements, auditors' report, and corporate governance report. On the sidelines of the AGM, Basrec chief executive John Robson noted the company has made a $20m investment in recent years. He stated that the new floating dock has effectively doubled operational capacity. 'We have installed a new floating dock, something we've sought for over 20 years, effectively doubling our operational capacity,' said Mr Robson. The company is also focusing on increasing local workforce participation. 'We are actively working to increase local workforce participation, having hired 200 new Bahraini employees and planning to hire another 200,' Mr Robson added. Furthermore, Basrec is pursuing new contracts and aiming to diversify through strategic partnerships and acquisitions. 'We anticipate new contracts with the BDF, the US Navy, and local partners, further solidifying our position,' Mr Robson explained. The company is investing in staff training, including sending Bahraini employees to the UK for advanced skills development, and has promoted several long-term employees to senior management. 'Basrec is also committed to reinvesting in the local community, aiming to become the leading provider of ship repair, maintenance, and engineering in the Gulf,' he added. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
